X @Arthur Hayes
Arthur Hayes·2026-05-12 08:46
My newest essay "The Butterfly Touch":The seductive sensation of expectation permeates my body as the incipient bull market gently caresses my soul. As I jubilantly press the buy button, I know speculative excesses will propel my portfolio to new heights … at least until the maddening crowd awakens from its drunken reverie to reel in its optimism of a more glorious future and the physics of gravity reasserts itself over human financial markets.The future, as foretold by the gaggle of cheerleaders this time ...